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IALC Q3 2017 Newsletter

New Data: Extreme Lack of Diversification Could Add to Retirement Crisis
Balance Gained By Considering Alternative Financial Products Such As FIAs
Americans need to take additional steps in order to ensure a financially stable retirement – one that allows them to pay for medical bills and essential costs of living while enjoying their bucket list.
Our new data shows most Americans are at risk of an unstable retirement. In fact, only 9% are diversifying their portfolio which is essential to managing risk so that not all financial eggs are in one basket. A diversification strategy can ensure balance and provide retirement planning peace of mind.
That said, it can be hard to create diversity. What products will bring you closer to a financially secure retirement?

Surprisingly, the study found 22% of Americans are not familiar with the most routinely used retirement products such as mutual funds, Certificate of Deposits (CDs), and Fixed Indexed Annuities (FIAs), that can create portfolio diversity.
Consider FIAs to help create a foundation of conservative growth and ensure a steady income during retirement. With both growth potential and principal protection, FIAs can be a complementary product within existing portfolios since they are not subject to the volatility of the stock market.
While FIAs are a secure way to create balance and get a steady income during retirement, there are misconceptions about it – watch the video to see the top myths busted and check out FIAFacts.org to learn more including the Top 20 Myths and other videos!

Blogs You Might Have Missed:
Top 3 Qs To Ask Your Advisor
Knowing how much and where to save your money is essential to leading a financially secure life. However, wrapping your head around the multitude of retirement options available can be stressful. Consider talking to a financial professional with the right knowledge to ensure you are left with more answers than questions to help you achieve your long-term financial goals.
Read the full blog here. 
What Happens To An FIA Balance If I Die?
One common misconception about annuities is that you lose the balance of the annuity if you die. In the case of Fixed Indexed Annuities (FIAs), the money remaining in your annuity can pass to one or more named beneficiaries after your death.
Read the full blog here. 
3 Ways to Bridge the Gender Savings Gap
When it comes to savings, the gender savings gap is huge. A recent study indicated that women have 50% lower savings than their male counterparts. There are a number of reasons that this disparity exists, among these are that, on average, women earn lower salaries than their male counterparts and will spend fewer years in the workforce. However, there are actions that women can take right now, that will help improve their savings and provide a bridge to end the gender savings gap.
Read the full blog here. 
The post IALC Q3 2017 Newsletter appeared first on Indexed Annuity Insights.

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